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Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations
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<blockquote data-quote="Sacrosanct" data-source="post: 9844145" data-attributes="member: 15700"><p>IME, this seems to be the current corporate culture in general. In the industry I'm in, I see it all the time. Manipulating budget reports and costs to make the immediate quarter look good but is a disaster for long term stability*. Execs don't care because they are only around 1-3 years before getting a golden parachute. So why would they care about long term growth and stability if they can get $30 million dollar bonuses each year for slash and burn, then get $50 million as a going away bonus when it all comes to light?</p><p></p><p>*For example, just with my own Fortune 500 company, 2/3 of all technology was laid off to make the 4th qtr budget look better to shareholders. Only now there isn't enough people to keep up with production defects in our applications or enhancements that are required by various regulatory changes. So we will end up missing deadlines and then get sanctioned and fined for not being in compliance. But that's a "4th qtr 2026 problem". </p><p></p><p>It's maddening.</p></blockquote><p></p>
[QUOTE="Sacrosanct, post: 9844145, member: 15700"] IME, this seems to be the current corporate culture in general. In the industry I'm in, I see it all the time. Manipulating budget reports and costs to make the immediate quarter look good but is a disaster for long term stability*. Execs don't care because they are only around 1-3 years before getting a golden parachute. So why would they care about long term growth and stability if they can get $30 million dollar bonuses each year for slash and burn, then get $50 million as a going away bonus when it all comes to light? *For example, just with my own Fortune 500 company, 2/3 of all technology was laid off to make the 4th qtr budget look better to shareholders. Only now there isn't enough people to keep up with production defects in our applications or enhancements that are required by various regulatory changes. So we will end up missing deadlines and then get sanctioned and fined for not being in compliance. But that's a "4th qtr 2026 problem". It's maddening. [/QUOTE]
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Hasbro CEO Cocks and Execs Sued for Alleged Securities Violations
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